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The growing interest in personalized beauty drives free-from-ingredient product innovations. States Fact. MR
ROCKVILLE, MD, UNITED STATES, December 9, 2024 /EINPresswire / -- According to Fact, a
market research and competitive intelligence provider, the global free-from-ingredients market is estimated to reach a valuation of US$ 17.9 billion in 2024 and is expected to grow at a CAGR of 16.2% during the forecast period of 2024 to 2034.
The global free-from-ingredients market is on the rise owing to the growing interest in products that promote
health and also cater to special diets. Free-from ingredients are components of food and beverages, which are free from allergens, artificial items, gluten, dairy, GMOs, etc.; these are meant for people who have specific diets. Food safety and the use of clean labels have also enhanced the demand for free products as people are more interested in ingredient lists and more natural food alternatives.
Apart from this, other reasons that should interest manufacturers include dependence on and tolerance towards different foods and lifestyles. The demand and supply for the ingredients product have greatly increased in sales around the world because brands tend to market these health-seeking labels 'free from' to reach out to their customers and also reach the healthy and active lifestyle market. This advancement shows the most recent technology in food consumption in which the emphasis is more on the individual and less on society. In the same vein, the Free-From Ingredients Market shows no signs of weakening abating, rather setting new trends in food manufacturing and consumption with clear messages on health safety, health advantages, and health controls.
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Key Takeaways from the Market Study
The global free-from-ingredients market is projected to grow at 16.2% CAGR and reach US$ 80.3 billion by 2034 market created an opportunity of US$ 62.42 billion between 2024 to 2034.
North America is a prominent region that is estimated to hold a market share of 23.9% in 2034 market players include Cargill, Inc., Kerry Group & Tate & Lyle PLC
Powder by Form type are estimated to grow at a CAGR of 16.2% creating an absolute $ opportunity of US$ 28.7 billion between 2024 and 2034 under by Source is expected to reach around US$ 10.9 billion by 2024.
“Growing use of peptides in anti-aging and skin health products expands market opportunities.” says a Fact analyst.
Development by Market Players in the Bio-active Peptide Market
Cargill: In Oct 2023, Cargill announced plans to expand its operations in South India with a new manufacturing facility in Nellore, Andhra Pradesh, investing $35 million. This move aims to cater to the growing demand in tier 2 and tier 3 regions and enhance its market presence in the Asia-Pacific region, focusing on innovative food solutions tailored for Indian consumers.
Kerry Group: In Feb 2024, Kerry Group continued to invest in expanding its taste and nutrition capabilities despite reporting lower revenues. The company focused on geographical expansion and enhancing its nutrition portfolio, particularly in emerging markets, positioning itself for future growth amid challenging market dynamics
Koninklijke DSM N.V.: In 2023, DSM launched a new line of sustainable nutritional products aimed at enhancing food safety and quality. This initiative is part of DSM's broader commitment to sustainability and innovation in the food sector, aligning with global trends towards healthier and more environmentally friendly food solutions.
Market Dynamics
The revolutionary use of molecular-level ingredient confirmation in the global market for free-from ingredients represents a shift in the paradigms of production standards. This novel method ensures that no allergens are present at any point throughout the production process by using live imaging of molecule structure and arrangement and advanced spectroscopic fingerprinting.
With the advent of quantum-detection technologies that can accurately identify and eliminate specific allergen compounds, sales of items classified as free-from ingredients have skyrocketed.
The availability of molecular re-structuring technology, which alters the structure of all allergy-causing compounds to that of safe ones without compromising their nutritional value, is what makes this so groundbreaking. The idea of molecular authentication opens up hitherto unheard-of possibilities for product creation.
As a result, businesses are now able to create free components that are "molecularly certified" to be tantalizingly allergen-free, a certification that goes beyond allergy testing. Because of this technology, the market is changing drastically and items that claim to be completely free of allergens may now be produced, boosting customer trust to unprecedented levels.
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Innovation in the separation of botanical compounds that results in new flavor profiles tailored to free-from specifications
The worldwide market for free-from ingredients is full of competitive tactics aimed at boosting sales by catering to the odd preferences of customers with limitations like allergies, among others. This is occurring as more individuals become aware of the meaning of allergies and the rationale for dietary restrictions and medical needs. However, the producers of these goods are exploiting isolated plant edible elements to create allergen-free ingredients, such tastes.
This sophisticated isolation makes it easier to create intriguing flavors while guaranteeing that all "free-from claims," including dairy-, gluten-, and preservative-free, are upheld. Because these tastes are unusual, they help companies stand out from the competition by allowing them to appeal to a wider range of consumers who have similar preferences for safe and delicious foods. This development encourages market expansion since it makes the goods more appealing to customers in both retail and food service settings, which has led to a global increase in the usage of free-from components.
Explore More Studies Published by Fact Research:
Gluten-free Bread Market The size of the worldwide market for gluten-free bread is expected to generate US$ 733 million in sales in 2024 and grow to US$ 1.74 billion by the end of 2034. From 2024 to 2034, it is anticipated that global sales of gluten-free bread would increase at a notable 9% CAGR.
Egg Replacement Ingredients Market The global market for egg replacement ingredients is anticipated to grow at a compound annual growth rate (CAGR) of 5.8%, from a 2023 valuation of US$1.2 billion to a 2033-end valuation of US$2.1 billion.
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